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The precipitated barium sulphate market has been gaining significantly from the expansion of construction and renovation works. In addition, the rising demand for effective coatings in automotive sector is compounding growth prospects for the market.

Future Market Insights (FMI), in its latest study, has forecast the market to rise at 3.8% CAGR between 2020 and 2030. Companies operating in the market are aiming at developing novel materials via eco-friendly methods to keep pace with changing industry needs.

The market has been significantly expanding over the last few years, especially on account of recent technological advancements. Besides this, the rising application in various types of synthetic resins is expected to boost growth.

Precipitated barium sulphate is often added as light diffusing material to synthetic resins such as acrylic resins. It is a white crystalline solid and odorless inorganic compound. It is insoluble in water and transpires into inorganic barite, which is considered as a rewarding source of barium and other materials derived using barium.

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It finds wide application in paints & coatings and plastic products. With consumers’ preference for plastic products consistently rising, precipitated barium sulphate sales are poised to surge in the near future. Coatings and rubber industries too will exhibit lucrative scope for applications in the coming years.

FMI’s report on the market offers a comprehensive overview, covering key market dynamics. Some of the takeaways from the report are as follows:

• Market valued at US$ 664 Mn, which
• Sluggish growth is expected in the current year as a result of ongoing pandemic crisis
• Market is forecast to recover, picking growth pace from 2021 onwards
• East Asia is expected to remain dominant, with China emerging as an extremely lucrative market

“The demand from paints & coatings sector will be a chief growth driver of the market. Despite temporary slump caused due to the COVID-19 outbreak, market will recover as economies return to normalcy,” said a lead analyst at FMI.

COVID-19 Impact on Precipitated Barium Sulphate Market

As the novel coronavirus tightened its noose, lockdown orders swept across various nations, causing serious dent in revenue generated across various industries.

Temporary suspension of operations on account of hindered transport, labor shortage, and material supply exposed unpreparedness of various industries. The effect was percolated to various associated markets.

The lack of operations in paints & coatings industry and other application segments resulted in loss of revenue for the precipitated barium sulphate market. This factor single-handedly has pushed the markets CAGR to lower than -1%.

Nonetheless, experts are positive about the market’s future and forecasts recovery in 2021. With governments gradually lifting restrictions and lockdown orders, industries are resuming operations, which is expected to augur well for the market.

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Who is winning?

FMI in its report studies various strategies adopted by some of the leading companies operating in the market. Most companies are focusing on environment-friendly manufacturing to cater to the changing industry culture. Collaborations also remain a mainstay especially among companies looking to expand their regional footprint and product portfolio.

Some of the companies operating in the precipitated barium sulphate market are Merck KGaA, Alfa Aesar, Solvay SA, Huntsman Corporation, Guizhou Redstar Development Co., Ltd., Sakai Chemical Industry Co. Ltd. and others.

Precipitated Barium Sulphate Market by Category

By Particle Size:

• Up to 1 μm
• Up to 3 μm
• Up to 5 μm and Above

By Application:

• Paints & Coatings
• Pulp & Paper
• Plastics & Polymers
• Rubber
• Others

To Know More About Precipitated Barium Sulphate Market:

A new market research report published by Future Market Insights (FMI) on the global compound semiconductor materials market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030.

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The report examines the precipitated barium sulphate market through three different segments – particle size, application and region. The market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the supply of precipitated barium sulphate and product adoption across several end-use industries.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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The global hydroxyapatite market size is expected to grow from US$ 480.2 Mn in 2022 to US$ 996.4 Mn by 2032, exhibiting a CAGR of 7.6% throughout the forecast period (2022-2032). Rising demand from dental, orthopedic & surgical applications is a key driving growth in the global hydroxyapatite market.

Over the years, there has been a sharp rise in demand for dental and orthopedic implants as a result of an aging global population and surge in health problems, and this trend is likely to continue during the forecast period. Driven by this, sales of hydroxyapatite are slated to grow at a healthy pace over the next ten years.

Hydroxyapatite is primarily used in dental and orthopedic applications. Hydroxyapatite is a component of tooth enamel, cementum, and dentin. It aids in the remineralization of teeth and keeps teeth strong and healthy against enamel erosion and cavities. Therefore, it is widely used in dental hygiene products and implants.

Comparing hydroxyapatite to other calcium phosphates, it has been discovered that it is more structurally stable. As a result, it has been chosen by medical specialists as a preferred material for orthopedic implants. With new research ongoing, hydroxyapatite continues to play an important role in the field of dental and orthopedic implants as medical science advances.

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To strengthen their relationships with end users and increase their profitability, major market participants are entering into long-term contracts & supply arrangements with end-use industries.

“Growing demand for dental & orthopedic implants are expected to propel the sales of hydroxyapatite in the forecast period,” says an FMI analyst.

Key Takeaways from Hydroxyapatite Market Survey:

• By grade, medical grade segment is anticipated to reach a market valuation of US$ 913.9 Mn by 2032.
• Based on application, dental & orthopedics applications are anticipated to cumulatively account for more than 79% of the overall hydroxyapatite consumption by 2022.
• North America will continue to dominate the global hydroxyapatite market during the forecast period.
• Hydroxyapatite market in China is expected to reach about US$ 218.7 Mn by 2032.
• The U.S. hydroxyapatite market is likely to surpass US$ 2 Mn by the end of 2032.

Who is Winning?

According to FMI analysis, FLUIDINOVA, SofSera Corporation, Berkeley Advanced Biomaterials, Taihei Chemical Industrial Co. Ltd., SigmaGraft, CAM Bioceramics, APS Materials, Inc., Zimmer Biomet, Bioceramics, Granulab (M) Sdn Bhd, Merz Biomaterials, Sangi Co., Ltd., and others are identified as the key manufacturers in the hydroxyapatite market.

These leading companies are continuously adopting strategies such as mergers, partnerships, agreements, collaborations, and establishment of new manufacturing and distribution facilities to gain an upper hand in the global hydroxyapatite market.

For instance:

• In March 2022, CGbio and Kerunxi Medical of China signed 10 billion KRW contract for export of Bongros dental bone graft material, a bone substitute made of hydroxyapatite ceramic that is crystallographically and chemically identical to the inorganic components of human bones.
• In June 2020, CAM Bioceramics announced that it will provide restorable ceramics made of hydroxyapatite to Admatec for 3-D printing in Admaflec Printing Systems, which will open the door for Admatec to join the dental care products sector.

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Hydroxyapatite Market Segmentation

By Grade:

• Medical Grade
• Cosmetics Grade
• Research Grade

By Application:

• Dental
• Orthopedic
• Biochemical Research
• Surgical
• Bioceramic Coatings
• Food
• Medicine
• Others

More Insights into the Hydroxyapatite Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global hydroxyapatite market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on grade (medical, research & cosmetics), application (dental, orthopedics, biochemical research, surgical, bioceramic coatings, food, medicine & others), and region.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Future Market Insights, an ESOMAR certified market research firm, opines that sales of silanes are anticipated to soar with their high usage as sealants, adhesives and protective coatings in the construction sector.

The market is also gaining traction with the use of silanes as process additives in the manufacture of PU foam for well insulated and energy efficient buildings. Sustained demand from the medical sector is also likely to drive growth through 2030, according to the latest study.

Scoring high on the performance index, silanes have proven ideal for a range of medical applications. Silanes are increasingly being used in dental care, drug and transfusion delivery systems, prosthetics, cooling caps, breathing tubes and hearing aids. As key biomaterials, silanes are used in many pharmaceutical products as actives and excipients.

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“The current pandemic has led to high manifestation of silanes in the healthcare and pharmaceutical sector with pronounced usage in pacemakers and tubing applications. Demand growth in this sector is slated to be high in the near term”

Key Takeaways of Silanes Market Study

• High growth of silanes is sustained in Asia Pacific which is slated to be a regional behemoth in the chemicals sector
• Organo-functional silanes are set to capture substantial chunk of market value and have shown benefits in water scavenging, cross linking and adhesion promoting
• The electronics sector is additionally set to offer lucrative market opportunities for silanes in electronics industry such as semi-conductor components, integrated circuits, computers, power electronics, LEDs and automotive electronics
• The high utilization of silanes in green tires is set to improve automobile fuel efficiency by at least 4%-5%

R&D a Key Focus Area for Silanes Manufacturers

The competition landscape of silanes is characterized by a network of market behemoths who are continuously scaling up through innovative product launches. Many of the players are focusing on the diverse applications of silanes for a more balanced portfolio. For instance:

• Silanes have found their way in a number of adhesive innovations. For instance 3M announced a new product for their commercial vehicles. CV90F belongs to the commercial vehicle tape family providing strength with a multi-purpose adhesive. This adhesive used in vehicle tapes keeps the surface smooth
• Sikagard SN-40, a product by SIKA USA is a water-repelling silane sealer. It is specially formulated to provide a tough barrier against water entry in concrete

Market Set for Strong Recovery Post Pandemic

The COVID-19 crisis has led to subdued demand for silanes in the near term. The institution of social distancing and regional lockdowns has crippled supply chains thus affecting demand and supply of silanes.

Raw material shortages are also impacting the manufacturing of silanes. On this premise, the market will contract substantially in 2020-2021. However, the market is slated for a quick recovery and will witness 1.5X growth in consumption over the forecast period.

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Silanes Market By Category

By Product Type, the Silanes market is segmented as :

• Organo Functional Silanes
• Mono/Chloro Silanes
• Others

By Application, the Silanes market is segmented as :

• Rubber
• Plastics
• Nylons
• Adhesives & Sealants
• Fiberglass and Composites
• Paint, Ink, and Coatings
• Electronics
• Mineral and Filler Treatment
• Surface Protection
• Others

By End Use, the Silanes market is segmented as :

• Building and Construction
• Oil & Gas
• Electrical and Electronics
• Automotive and Aerospace
• Medical and Pharmaceuticals
• Chemical and Other Industries

Find More Valuable Insights on Silanes Market:

FMI in its new market research study, offers an unbiased analysis of the hydrogen electrolyzer market which comprises global industry analysis for 2015–2019 and opportunity assessment for the 2020–2030. The report offers complete analysis on global silanes market through four different categories – product type, capacity, outer pressure, end user and region.

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The global silanes market study provides information of pricing by different application analysis, product life cycle, capacity assessment, key market trends and technologies which are being implemented in the deployment of silanes and product adoption in varied end use industries.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Drilling mud applications are expected to account for substantial revenues amongst all applications, in the global barite market. Untapped opportunities in the medical industry are also generating incremental opportunities for manufacturers. Barite would experience steady demand growth in paints and plastics industries, as it is widely utilized to control the viscosity and add brightness to end products.

Global barite market will cross the US$ 2 Bn mark by the end of 2030. Expansion of the automotive industry is creating revenue streams for manufacturers due to growing demand for brake pads and clutches for cars, as indicated by a new Future Market Insights (FMI) report.

Key companies in the barite market are set to experience disruptions in supply chains owing to recent developments related to coronavirus crisis. Manufacturers are accelerating efforts to join the fight against COVID-19 pandemic by taking a step forward to donate barite cement for the construction of hospital radiotherapy bunker where coronavirus treatments are carried out.

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Key Takeaways of Barite Market Study

• Innovative approaches in determination of normal and abnormal anatomy of the gastrointestinal tract with the help of high-purity barite holds promising business potentials.
• Barite is being extensively used as a weighted filler in paper, textile and rubber production.
• Manufacturers are focusing on construction sector where barite is mixed with cement to make special containers used to store radioactive materials.
• North America being the frontrunner in terms of revenue amongst all regions has created opportunities for manufacturers to comply with the regulations of the American Petroleum Institute to innovate in weighting agents for oil & gas industry.

Demand for weighting agents in the ever-increasing oil & gas industry are creating a stable business ground for manufacturers. Untapped opportunities in construction industry owing to demand for high density cement is fueling market growth.

Lucrative Opportunities in Paints & Coatings

Companies in the barite market are increasing their production capabilities to manufacture paint-grade barite powder. This has deployed ease in handling and beneficial in transportation activities. High whiteness, low impurity and excellent dispersibility are key imperatives that are highly preferred in paint-grade barite powder.

Latex paints, coatings and pigments amongst others are fueling demand for barite powder. Increasing number of powder coatings applications in households and other interior applications are generating value-grab opportunities for manufacturers.

Demand for Weighting Materials in Petroleum Industry to Bolster Market Growth

Fine grinding applications are catalyzing the demand for barium sulfate, owing to its high density and chemical inertness. An overwhelming majority of barite is being pervasively used in the petroleum industry as a weighting agent in the formulation of drilling mud.

As such, the revenue if drilling mud applications is predicted to climb high growth from US$ 1 Bn in 2022 to US$ 1.4 Bn by the end of 2030. Commercial deposits of barite are primarily found in the U.S., China, India and Morocco.

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Barite Market by Category

By Form:

• Lumps
• Powder

By Grade:

• Up to SP 3.9
• SP 4.0
• SP 4.1
• SP 4.2
• SP 4.3 and Above

By Application:

• Drilling Mud
• Pharmaceuticals
• Rubbers & Plastics
• Paints & Coatings
• Textiles
• Others

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Manufacturers Prepare for Volatile Demand Amidst COVID-19 Pandemic

Employee and worker safety amidst the coronavirus crisis has become the first priority of companies in the barite market. Hence, manufacturers have adopted telecommunication to support remotely via phones, Skype and VPN amongst other communication platforms.

Global economic turbulences are anticipated to affect the barite market. Manufacturers are increasing efforts to devise contingency plans to address the uncertainty associated with lockdown relaxations in the upcoming months.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. Rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term.

According to a latest report by FMI, the global thionyl chloride market is expected to reach a valuation of US$ 688 Mn by 2030. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market.

Further, China – the epicenter of the pandemic – is characterized by a strong foothold of thionyl chloride manufacturers. The government has enacted large-scale lockdowns, resulting in short-term manufacturing and logistics paralysis.

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“Thionyl chloride plays a vital role in manufacturing pharmaceuticals products. The compound is an industrially-produced liquid used to make acyl chlorides and synthesize pharmaceuticals, including drugs and vitamins. Growth of the pharmaceutical industry has a significant impact on the thionyl chloride market.”

Key Takeaways of Thionyl Chloride Market Study

• Consumption of thionyl chloride would remain prominent in manufacturing pharmaceuticals. Thionyl chloride is used in the production of a wide range of pharmaceutical products, including isocarbophos, indomethacin, vitamin A, sumicidin, propargite, and tetramisole hydrochloride. Further, manufacturers are targeting the agrochemical industry for relevant returns.
• Europe holds a prominent share in global thionyl chloride market; East Asia would reflect worthwhile prospects, owing to the presence of key agrarian countries and subsequent advancements in the pharmaceutical industry.
• Thionyl chloride is also used in the production of lithium thionyl chloride batteries. The adoption of lithium thionyl batteries is increasing, given its benefits such as high voltage, high safety, wide temperature range, low currents, passivation of battery, and its bobbin-like structure.

Market Landscape: Fairly Consolidated

The global thionyl chloride market is fairly consolidated, owing to a limited number of players operating in the market. The top nine players account for around half of the total market revenue. Manufacturers are focusing on strengthening their partnerships with end users and government entities. The market is dominated by Chinese players.

Key players such as Lanxess AG, Transpek Industries Ltd., CABB Group, Sigma Aldrich Co. LLC, Shandong Kaisheng New Materials Co. Ltd., Angene International Limited, Jiangxi Selon Industrial Co. Ltd., ChemTik, Aurora Fine Chemicals LLC, and others are focusing on marking their direct presence in local markets.

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What Does the Future Hold?

The global thionyl chloride market is expected to grow at a moderate pace over the forecast period on account of increasing application in pharmaceuticals and agrochemicals industries in developing regions. Moreover, increasing use of thionyl chloride in the production of batteries is expected to fuel the growth of the market.

Preference for thionyl chloride over other reagents is further anticipated to bolster the market in the foreseeable future. Production of thionyl chloride is preferred by the sulfur trioxide route, and the trend is projected to continue during the forecast period.

THIONYL CHLORIDE MARKET TAXONOMY

By Grade, the market of Thionyl Chloride is segmented as:

• Technical Grade
• Pharmaceutical Grade

By Application, the Thionyl Chloride Market is segmented as:

• Agrochemicals
• Pharmaceuticals
• Dyes & Pigments
• Organic Synthesis
• Batteries
• Others

By Production Process, the Thionyl Chloride Market is segmented as:

• Sulfur trioxide Route
• Sulfur dioxide Route
• Other Routes

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Want to Know More?

Future Market Insights has published a market research report on the thionyl chloride market that contains global industry analysis of 2015-2019 and opportunity assessment for 2020-2020. The report provides insightful analysis of the thionyl chloride market through four different segments – grade, application, production process, and region.

The thionyl chloride market report also provides the demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, and a detailed overview of the parent market.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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Global chlorine disinfectant market revenues are poised to reach at US$ 4.2 Bn by the end of forecast period, 2022 – 2030. Heightening concerns regarding the novel coronavirus (COVID-19) pandemic are triggering the need to maintain hygiene in healthcare and residential facilities. In line with this, global sales of chlorine disinfectant are set to soar promisingly in near term, as projected by a new Future Market Insights (FMI) study.

The survival period of SARS-COV-2 – virus that causes COVID-19 – on inanimate objects differ with various factors including, temperature, and humidity. This accents for the need of frequent cleaning and disinfection of surfaces, thereby, enabling broader usage of chlorine disinfectants.

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Key Takeaways of Chlorine Disinfectant Market Study

• Increasing emphasis on cleanliness in hospitals is boosting the demand for chlorine disinfectants in hospital applications. Infections are a significant threat in hospitals and chlorine-based cleansers disinfect work surfaces and equipment, thereby, preventing the spread of contagious diseases.
• Chlorine disinfectants are gaining significant traction in industrial wastewater treatment applications. Chlorine can be used in wastewater disinfection either as an elemental chlorine (gas) or as a chlorinated compound such as liquid sodium hypochlorite solution or solid calcium hypochlorite. Chlorine disinfectants play a vital role in the industrial wastewater treatment process.
• Textile bleaching is anticipated to emerge as a significant application of chlorine disinfectants during the forecast period, owing to their superior bleaching property such as liquid chlorine bleaches are highly effective at whitening fabrics and also provide germicidal activity at usage concentrations.
• The chlorine disinfectant market in South Asia including, India, and ASEAN countries is witnessing notable growth recently, attributable to growth of end-use industries such as healthcare, and water treatment in this region.

Governments in several regions are highly focused on improving municipal water facilities in urban and rural areas. Such developments for industrial and domestic/ municipal water treatment are expected to create high demand for water & wastewater treatment chemicals such as chlorine disinfectants over the forecast period.

Chlorine Disinfectant Market by Category

By Form:

• Solid/Granular
• Liquid
• Gas

By Application:

• Drinking Water
• Swimming Pool Water
• Industrial Wastewater
• Textile Bleaching
• Hospital
• Others

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Market Landscape: Moderately Fragmented

The global chlorine disinfectant market is moderately fragmented, owing to presence of several international and domestic payers in the market. Top ten established players account for over a third of total supply.

Key players such as 3M Company, Procter and Gamble, Reckitt Benckiser, Clorox Company, Ecolab, Hind Pharma, Chemtex Speciality Ltd, Nyco Products Company, Delux Chemicals, Achlor Chemical Ltd. and others are also focusing on increasing their presence in domestic market. Leading manufacturers are laying emphasis on strengthening their partnerships with end users.

What Does the Future Hold?

The global Chlorine Disinfectant market is anticipated to grow at a moderate rate over the forecast period on account of its increasing demand in water treatment industry in emerging countries. Furthermore, increasing awareness regarding the cleanliness especially in hospitals where Infections are a significant threat in both developed and emerging countries is further expected to propel market growth.

Learn More About the Report Coverage

Future Market Insights has published a market research report on the Chlorine Disinfectant market that contains global industry analysis of 2015-2021 and opportunity assessment for 2022-2030. The report provides insightful analysis of the Chlorine Disinfectant market through four different segments- grade, application, end-use, and region.

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The Chlorine Disinfectant market report also provides demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, along with a detailed overview of the parent market.

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8-years.

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The India power tools Industry is expected to witness increasing demand for industrial power tools as compared to household power tools. Industrial power tools segment is anticipated to contribute over 55.8% in terms of revenue to the market; whereas household power tools segment is expected to account for 44.2% in terms of value share by end of 2016.

The power tools market in India is expected to grow by 6.7 percent year on year by the end of 2016, reaching INR 3,532.8 crore in revenue. Growing industrialization and widespread availability of a diverse range of power tools will drive the India power tools market forward. The markets in South and North India are expected to dominate the Indian market.

Professional power tools will continue to gain traction, and the transition from nickel-cadmium to lithium-ion powered tools will open up new opportunities for the country’s power tool manufacturers.However, rising Chinese imports of power tools may have a negative impact on the market share of domestic and international players in India’s power tools market.

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Low operational costs and ease of use will drive the electric power tools segment, which is expected to dominate the India power tools market until the end of 2016. Pneumatics and other segments are expected to contribute more than 46 percent of the value share to the India power tools market in 2016.

Because of the concentration of a large number of industries, the markets in South and West India have the highest penetration of power tools. South and North India markets are expected to grow significantly in terms of revenue, while East and North India markets are expected to grow moderately.

Competitive Landscape

The report includes market share analysis of the existing international, China-based and domestic players in the market. The report also profiles both global and domestic players in the India power tools market.

Global Players in the market include Atlas Copco AB, Snap-on International, Techtronic Industries Co. Ltd., Danaher Corporation, Actuant Corporation and SKF AB. Regional players in the market include Stanley Black & Decker, Hitachi Koki Co. Ltd., Makita Corporation, Robert Bosch GmbH and Kulkarni Power Tools.

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Long-term Outlook:

India power tools market is anticipated to register a healthy CAGR of 9.5% in terms of volume and 8.9% in terms of value over the forecast period, 2016–2026. Electric power tools market is estimated to account for 56.6% in terms of revenue share by end of 2026.

Key Segments

By End-use:

• Industrial Power Tools
• Household Power Tools

By Mode of Operation:

• Electric
• Pneumatic
• Others

By Country:

• North India
• South India
• East India
• West India

The global solar micro inverter market is expected to reach US$ 488.2 Mn by 2016 end and expand at a 16.6% CAGR over the forecast period (2016-2026).

The global solar micro inverters market is expected to grow 11.4 percent year on year in 2016, reaching US$ 488.2 Mn in terms of market value. A solar micro inverter is a DC to AC inverter that is used with photovoltaic systems. In contrast to conventional string/central inverters, a micro inverter operates on Module Level Power Electronics, which means that power conversion occurs at the module level.

The demand for solar micro inverters is expected to skyrocket as the number of photovoltaic (PV) installations grows, as does the need to improve overall system efficiency and safety.

Due to falling prices and new products, the growing demand for solar micro inverters will continue to penetrate the market for module-level power electronics.

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The higher adoption of photovoltaic installations is a key factor driving the growth of the global solar micro inverters market. Moreover, rising preference for fully integrated PV modules or AC Modules, is anticipated to fuel the demand for solar micro inverters. The U.S. National Electric Code (NEC) also favours the usage of micro inverter technology and is driving the demand for micro inverters in the North American market. However, the use of power optimisers as an alternative to micro inverters can restrain the growth of the global solar micro inverter market.

On the basis of system type, the global market for solar micro inverters is expected to be dominated by Stand Alone system sales, followed by micro inverter systems sold for developing AC Modules, named as integrated systems. In 2015, the stand alone solar micro inverter systems procured global market share of 96.7%, and are expected to attain estimated revenues of US$ 471 Mn by 2016-end.

By end-user type, the residential segment of the global market will continue dominance over the commercial segment by attaining a market share of 76.2% in 2016. Among residential end-users, changing consumer preference for more efficient and safe inverter alternative will prompt the replacement of conventional inverters with solar micro inverters. Dropping prices and rising commercial scale PV installations will incite extensive growth in the demand for solar micro inverters among the commercial segment as well.

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Due to the varying use of micro inverters across the world, global players are concentrating on regions where awareness about using renewable energy resources is higher. Robust adoption of PV storage systems in the U.S. will continue to fuel demand for solar micro inverters in North America, and the region is expected to attain market value of US$ 282.2 Mn in 2016.

Moreover, Asia Pacific excluding Japan (APEJ) is expected to be a lucrative region for the growth of the global market. The growing trade of inexpensive inverters in China and India will boost the demand for solar micro inverters in APEJ region. The key players contributing to the growth of the global solar micro inverters market include, SMA, Darfon Electronics, ABB, APSytems, Chilicon Power, iEnergy, Enphase, NEP, SunPower, and Sparq Systems among others.

Long-term Outlook: The global solar micro inverters market is expected to expand at a CAGR of 16.6% during the forecast period 2016-2026. Over the forecast period, North America and APEJ will continue to be the most profitable regions for the growth of the global market for solar micro inverters.

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Key Segments Covered

By System Type

• Stand-Alone
• Integrated

By End Use Type

• Residential (0-20Kw)
• Commercial (20Kw-1Mw)
• Utility (1Mw and above)

Key Regions/Countries Covered

• North America
• U.S.
• Canada
• Latin America
  • Chile
  • Brazil
  • Mexico
  • Rest of Latin America
• Western Europe
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • Belgium
  • Netherlands
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • Rest of Eastern Europe
• Asia Pacific Excluding Japan (APEJ)
  • China
  • India
  • ASEAN
  • Australia
  • Rest of APEJ
• Japan
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of MEA

The global vapour recovery units market was valued at US$ 805.1 Mn in 2013 and is projected to reach US$ 1,202.0 Mn in 2022. The vapour recovery units market is predicted to grow at a 5.6% CAGR during the forecast period (2022-2028). Demand for vapour recovery units is increasing in the oil and gas industry as they are used to restrict loss of crude oil from storage tanks through restriction of vapour.

With over 61.5% of the market share in 2022, North America is anticipated to be the most lucrative regional market for vapour recovery units globally. By the end of 2022, sales in the global vapour recovery units market are anticipated to surpass US$ 1,662.2 Mn as a result of the aforementioned factors.

Vapour recovery units arrest vapour escaping from storage tanks, and help reduce VOC emissions by nearly 90%. Growing government restrictions and new regulations on the levels of VOC emissions are anticipated to elevate the sales of vapour recovery units across the world.

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These units also play a major role in reducing loss of crude oil through storage tanks in upstream and downstream operations. As a result, notable growth in crude oil storage tanks across the globe is projected to fuel the sales of vapour recovery units over the coming years.

In a quest for net-zero future, governments across the globe are imposing stringent regulations in order to reduce the emission of volatile organic compounds (VOC) from storage tanks. Besides this, development of upstream and downstream projects in Asia Pacific and North America is also aiding the growth in the market.

“North America and Europe are anticipated to retain their prominent shares in the market throughout the forecast years, due to their established markets for upstream and downstream applications. However, APEJ and MEA are anticipated to provide lucrative growth opportunities on the back of development of the oil & gas sector in these regions.”

Key Takeaways of Vapour Recovery Unit Market Study

• Growing production and consumption of oil has resulted in a rise in the number of oil exploration units and refineries across the globe. Increment in storage batteries and tanks, in turn, is anticipated to propel the demand for vapour recovery units during the foreseen period.
• Price volatility of crude oil and increasing loss of oil due to vapour escape from storage vents will to fuel the requirement for vapour recovery units. These units restrict crude oil wastage due to vapour loss; hence, their utilization is anticipated to increase in upstream as well as downstream applications in the coming years.
• Environmental regulations regarding VOC emissions have become stricter across the European Union and North America. Increasing greenhouse emissions and commitment of various organizations towards sustainable development are anticipated to further motivate end users to ensure strict adherence to guidelines and regulations. The use of vapour recovery units helps these manufacturers meet these standards of emissions.
• North America and Western Europe are anticipated to hold substantial share in the market. The prominence of potential VRU manufacturers in these regions will spur market growth.

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Vapour Recovery Unit Market: Competitive Landscape

The vapour recovery unit market is highly fragmented, with the presence of numerous players across the globe. Different players in the market have substantial sales footprint in specific regions.

These players include John Zink Company LLC, Zeeco Inc., and Gardner Denver Holdings Inc. Key players are adopting market strategies such as sales channel development, business partnerships with prominent players, as well as development of more advanced and efficient products that can meet emission standards.

Know More About Vapour Recovery Unit Market Report

The research report provides analysis of sales by total volume (Units) and value (US$ Mn), with the market being bifurcated according to technology, application, process, and end use, across four regions.

The report also includes global competition analysis with the sales footprints of key players, regional competition landscape, and competition dashboard, and provides a competition analysis section that includes market footprint analysis, structure analysis, competition development, competition dashboard, and other crucial information about global and regional players in the vapour recovery unit market.

Future Market Insights also includes forecast factors such as GDP forecast, oil and gas industry upstream production, downstream production, as well as developments and technology advancements by market participants.

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Vapour Recovery Units Market by Category

Technology:

• Membrane Separation
• Adsorption
• Condensation
• Absorption

Application:

• Marine Loading
• Truck Loading
• Railcar Loading
• Pipelines
• Storage Tank Vents

Process:

• Upstream
• Downstream

End use:

• Oil & Gas Compressors
• Landfills
• Brewery and Food Processing
• Others

Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• MEA